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2009-3652 OrdinanceORDINANCE NO. 2009-3652 AN ORDINANCE OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AMENDING CHAPTER 110 OF THE MIAMI BEACH CITY CODE, ENTITLED "UTILITIES"; AMENDING ARTICLE III THEREOF, ENTITLED "STORMWATER UTILITY," AMENDING SECTION 110-109 THEREOF ENTITLED "STORMWATER UTILITY FEES," BY AMENDING APPENDIX A THERETO ENTITLED "FEE SCHEDULE," TO INCREASE THE STORMWATER UTILITY SERVICE CHARGE IMPOSED BY THE CITY AS OF OCTOBER 1, 2009; PROVIDING FOR CODIFICATION, REPEALER, SEVERABILITY, AND AN EFFECTIVE DATE. WHEREAS, the City owns and operates a Stormwater Utility System ("System"), which is currently funded by a stormwater utility service charge; and WHEREAS, a Capital Improvement Program (the "Program") has been developed to implement stormwater improvements for the System; and WHEREAS, it is necessary to finance the Program through the issuance of Stormwater Revenue Bonds; and WHEREAS, in 2000, the Series 2000 Stormwater Revenue Bonds were issued to continue the improvement of the System; and WHEREAS, the schedule of rate increases proposed herein will provide sufficient revenues for the payment of principal and interest on the proposed Stormwater Revenue Bonds; and WHEREAS, the rate increases proposed herein include funding for additional costs for operation and maintenance of the System; and NOW, THEREFORE, BE IT ORDAINED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, as follows: SECTION 1: That Appendix A to Section 110-109 (c) of Article III of Chapter 110 of the Miami Beach City Code is hereby amended as follows: APPENDIX A FEE SCHEDULE Chapter 110. Utilities Article 111. Stormwater Utility 110-109(c) Stormwater utility service charge effective with billings on or after the following dates shall be as follows; October 1, 2000 $3.25 October 1, 2001 $4.00 October 1, 2002 $5.50 October 1, 2003 $5.80 October 1, 2004 $5.80 October 1, 2005 $5.80 October 1, 2008 $7.42 October 1.2009 $9.06 SECTION 2. CODIFICATION It is the intention of the Mayor and City Commission of the City of Miami Beach, and it is hereby ordained that the provisions of this ordinance shall become and be made part of the Code of the City of Miami Beach, Florida. The sections of this ordinance may be renumbered or re-lettered to accomplish such intention, and the word "ordinance" may be changed to "section", "article" or other appropriate word. SECTION 3. REPEALER All ordinances or parts of ordinances in conflict herewith are and the same are hereby repealed. SECTION 4. SEVERABILITY If any section, subsection, sentence, clause, phrase or portion of this Ordinance is, for any reason, held invalid or unconstitutional, such portion shall be deemed a separate, distinct and independent provision and such holding shall not affect the validity or constitutional, such portion shall be deemed a separate, distinct and independent provision and such holding shall not affect the validity or constitutionality of the remaining portions of this Ordinance. SECTION 5. EFFECTIVE DATE This Ordinance shall take effect on the 1St day of October, 2009. PASSED and ADOPTED this 24th day of September , 2009 ATTEST: ~ ~L ROBERT PARCHER, CITY CLERK MATTI ERR A BOWER MAYOR ~e ~~1~'~ ae ~~ Cl.~~+~i'+! 1 T:WGENDA\2009\September 10\Regular\FY10 Stormwater Rate Ordinance1stRdg.doc ,- ~ ~ ~ Oq f ~ c3 COMMISSION ITEM SUMMARY ~_~r_~__r T•al VUIIGCII,cu 1 nlc. An Ordinance of the Mayor and City Commission of the City of Miami Beach, Florida Amending Chapter 110 of The Miami Beach City Code, Entitled "Utilities;" Amending Article III, Thereof Entitled "Stormwater Utility;" Amending Section 110-109 Thereof Entitled "Stormwater Utility Fees," By Amending Appendix A Thereto Entitled "Fee Schedule" To Increase the Stormwater Utility Service Charge Imposed by the City as of October 1, 2009; Providing for Codification, Re Baler, Severabili ,and an Effective Date. Ke Intended Outcome Su orted: Ensure well maintained infrastructure. Supporting Data (Surveys, Environmental Scan, etc.): Consistent with prior surveys, the 2009 community survey, storm drainage was identified as areas for improvement, although improved from prior surveys. More than half of residential and business res ondents rated storm drains a as fair or oor. Issue: Shall the Mayor and City Commission approve the amendment to the Ordinance on first reading and schedule a ccnnnri rc~rlinn nuhlic haarinn~ Item Summa /Recommendation: At the September 17, 2008 Budget Hearing, the City Commission approved a rate increase for stormwater. This rate increase was necessary for the issuance of future storm bonds to fund projected additional stormwater construction improvement costs in not-yet-started neighborhood projects in the estimated amount of $94.5 million. The City Commission approved increase for FY2008/09 was $1.62 per month for a residential customer, taking the rate from $5.80 to $7.42 per month. In FY2009/10, the Administration is proposing an increase in stormwater fees from $7.42 to $9.06 for a residential customer. The increase of $1.64 or 22 percent over FY 2008/09 rates is necessary to be able to provide bond coverage to issue the first series of additional bonds. The Ordinance amendment only includes a rate increase proposal for FY 2009/10. It is important to note that the component of the rate increase related to the first bond sale that had been anticipated last year for FY 2009/10 was $2.01, compared to the $1.64 increase we are recommending. The Finance and Citywide Projects Committee (FCW PC) met on September 3, 2009 to review the proposed Ordinance amendment, but elected to refer the item to the full Commission for its consideration. The Ordinance amendment was approved on first reading at the City Commission Budget Hearing of September 10, 2009. THE ADMINISTRATION RECOMMENDS APPROVING THE AMENDMENT TO THE ORDINANCE. Adviso Board Recommendation: N/A Financial intorm ation: Source of Amount Account Approved Fun ~ $2,008,751 427-8000-343710 Stormwater 2 O I Total $2,008,751 crtv erk's Office Legislat ive Tracking: Keith Wilder ext 6192 C in n _(lffc • ~~ De artmen Director As Cit Mana er Cit M r FHB .r~' PD TH JMG T:WGENDA\2009\Se a 24\Regular\FY10 Stormwater Rate Ordinance SUMM.doc 1 AGENQA ITEM ~SG n DATE Q~2.~~g m- MIAMIBEACH City of Miami Beath, 1700 Convention Center Drive, Miami Beach, Florida 33139, www.miamibeachfl.gov COMMISSION MEMORANDUM TO: Mayor Matti Herrera Bower and Members of the City Commission FROM: Jorge M. Gonzalez, City Manager ~ SECOND READING DATE: September 24, 2009 PUBLIC HEARING SUBJECT: AN ORDINANCE OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AMENDING CHAPTER 110 OF THE MIAMI BEACH CITY CODE, ENTITLED "UTILITIES;" AMENDING ARTICLE III THEREOF, ENTITLED "STORMWATER UTILITY;" AMENDING SECTION 110-109 THEREOF ENTITLED "STORMWATER UTILITY FEES," BY AMENDING APPENDIX A THERETO ENTITLED "FEE SCHEDULE," TO INCREASE THE STORMWATER UTILITY SERVICE CHARGE IMPOSED BY THE CITY AS OF OCTOBER 1, 2009; PROVIDING FOR CODIFICATION, REPEALER, SEVERABILITY, AND AN EFFECTIVE DATE. ADMINISTRATION RECOMMENDATION The Administration recommends approving the Ordinance amendment on second reading public hearing setting the stormwater rate for FY 2009/10. BACKGROUND At the Special Finance and Citywide Projects Committee (FCWPC) meeting of June 30, 2008, a summary of future stormwater bond funding needs for the Neighborhoods Right-of-Way projects were presented. At that meeting, the additional stormwater funding need of $94.6 million was identified, based on anticipated scope of work requirements for future stormwater construction across the not-yet-started neighborhood projects. The Committee also requested that the rate be spread over two years. At the Commission Budget hearing on September 8, 2008, the Administration recommended a proposed rate for FY 2008/09 for stormwater of $9.45 per month. However, the Administration took a further look at the phasing of the projects, with the goal of reducing the impact of the initial rate increases. As part of this review, the 10% operating expense contingency was reduced to 5%, earnings in excess of $1 million were carried forward as revenues in the subsequent year, the issuance of the first series of bonds was moved from October 2009 to mid 2010 and the second series of bonds to 2012. As a result of these modifications, the revised stormwater rate was lowered for FY 2008/09 to $7.42 per ERU. At the September 17, 2008 Budget Hearing, the City Commission approved a rate increase for stormwater. This rate increase was necessary to have the capacity to issue $39.1 million in stormwater bonds in mid FY 2009/10. The approved rate increase was $1.62 per month, taking the rate from $5.80 to $7.42 per month. September 24, 2009 City Commission Memo FY10 Stormwater Rate Ordinance MEMO Page 2 of 3 Rate requirements for Additional Stormwater Bonds The City hired a rate consultant in 2008 to calculate the potential future rates. The rate calculation had to consider debt service coverage requirements under two conditions. The first condition, termed the additional bonds test, required that net revenues available for debt service be no less than 110 percent of the maximum annual debt service of the outstanding plus prospective debt to be issued, for at least 12 months prior to the issuance of additional bonds. The second condition, which must be fulfilled annually, irrespective as to whether issuance of any prospective debt is contemplated, is termed the rate covenant. Net revenues available for debt service in each fiscal year must not be less than 110 percent of the principal and interest requirements for such fiscal year to meet the rate covenant. In addition to meeting the two debt service coverage conditions, annual revenues must be sufficient to meet other revenue requirements without resulting in a cash flow deficit. Using information provided by the City and its Financial Advisor, the rate consultant completed a series of pro formas that provide rate increases required to cover debt repayment of a future stormwater bond. The Administration has identified a future stormwater debt of $94.6 million required to fund components of the City's Capital Improvement Program, including recently identified hot spot areas where flooding is a major concern. Flooding for purposes of the Stormwater Improvement Program is meant to be for those areas in which private property is negatively affected by stormwater levels or when a roadway is not safely passable by virtue of stormwater elevations exceeding the 5 year event on the road surface for longer than acceptable durations. Those areas that are subject to nuisance flooding, where temporary accumulations ofstormwater on aright-of-way are experienced and vehicular movement is not hindered would generally not be considered as part of this program. Nuisance flooding is permitted under the County's stormwater storage criteria up to a 5 year storm event, allowing rainfall water runoff to accumulate up to the crown of the road and up to 15 feet from private properties. These stormwater infrastructure improvements like the water and sewer upgrades are an integral part of the G.O. Bond neighborhood projects. The Stormwater Enterprise fund is anticipated to need the capacity to issuetax-exempt debt by mid 2009/10 to cover the construction costs of stormwater improvement projects in the amount of $39.1 million, plus any costs, if required, to refund the line of credit. The second issue of $55.5 million could be issued in 2012, as the funding is needed to support the last group of stormwater improvement projects. The size of the second bond issue will be better determined after hydraulic modeling of the existing system is completed for the Flamingo and West Avenue neighborhoods. In order to be able to provide coverage to issue the first series of additional bonds, the Administration proposes a monthly stormwater rate of $9.06 represents an increase for a residential customer of $1.64 per month or 22% above the FY 2008/09 rate of $7.42 per month. FY 2008/09 Rate FY 2009/10 Pro osed Rate Difference From FY2008/09 Rate % Chan e Stormwater $7.42 $9.06 $1.64 22% The recommended rate is conservative in the area of needed bond coverage based on the information developed to date. The Administration will continue to work on the bond debt needs and anticipates having more information before it is necessary to actually issue the bonds. If less financing is required and the market substantially improves it may be possible to reduce the rates at that point. September 24, 2009 City Commission Memo FY10 Stormwater Rate Ordinance MEMO Page3of3 The table below projects increases from FY 2011 through FY2013/14 primarily due to the second debt issuance; however, the Ordinance amendment only includes a rate increase proposal for FY 2009/10. As with this year, we will refine these on an annual basis. Stormwater Pro osed Fees Current Rate FY2011 FY2012 FY2013 FY2014 Cumulative Increase Monthl Char e $ 7.42 10.33 $ 12.39 $ 12.76 $ 13.02 $ 5.60 Fee Increase 14% 20% 3% 2.0% 75% Monthl Increase $ 1.27 $ 2.06 $ 0.37 $ 0.26 $ 5.60 The Finance and Citywide Projects Committee (FCWPC) met on September 3, 2009 to review the proposed Ordinance amendment, but elected to refer the item to the full Commission for its consideration. The Ordinance amendment was approved on first reading at the City Commission Budget Hearing of September 10, 2009. The Ordinance amendment only includes a rate increase proposal for FY 2009/10. It is important to note that the component of the rate increase related to the first bond sale that had been anticipated last year for FY 2009/10 was $2.01, compared to the $1.64 increase we are recommending. CONCLUSION: The Administration recommends approving the Ordinance amendment on second reading and setting the stormwater rate for FY2009/10. JMG/TH/FHB T:\AGENDA\2009\September 24\Regular1FY10 Stormwater Rate Ordinance MEMO.doc SUNDAY, SEPTEMBER 13, 2009 121M8 ~n CITY Of MIAMI BE~-CH_ ~ ~ ~ -~_' NOTICE OF ~PUBL~IC HE~-F~ING~ - NOTICE.IS HEREBY given that second readings and public. hearings will beheld by the Mayor and City Corn-xiission of the City of Miami Beach, Florida, in the Commission CharPbers,-3rd floor, City Hall, 1700 Convention Center Dfire, Miami Beach, Florida, on Thursday, September 24, 2009, to consider the following: - ~ ; 5:05-p.m. _ _ 4 ~ - : _ An Ordinance Amending Miami Beach City Code Chapter 2, Article Vlt, Entitled "Standards OfConduct' ; Amending.Section 2.482, Entitled "Registration"; Amending Section 2-482(A)And 2-482(F~ Thereof„To~R@spectively Increase The "Per Issue".And Annual .Lobbyist Registration Fees; And Also Amending Appendix "A" Thereto, entitled "Fee Schedule." e Inquiries maybe directed to the City Clerk's Office at (305) 673-7411. 5:05 p.m. _ ` An` Ordinance Amending Arficle XI, Entitled "Dangerous Intersection Safety," Of Chapter 106, Entitled "Traffic And Vehicles," Of The Miami Beach City bode, By Amending Section 106 - 490, Entitled "Penalties" To Amend-The Fines For Violations. _ Inquiries may be directed to the City Manager's Office at (305) 673-701'0.- = 6x05 p.rti; ., _ _. :; An'Ordinanee Amending The Code Of The City Of Miami Beach, By Amending Chapter 406, Entitled-"'Traffic I`Cr~d Vehicles," By ' ArneFldingArticle ll, Entitled "Metered Parking,." By Amending Division 1, Entitled "Generally," By Amending Section 1D6-55;:1=ntitled "Parking-Rates, Fees, And Penalties;" By. Amending Parking Meter~Rates North Of 23rd Street. - ~ ' Inquiries may. t?e •directed to the Parking Department at,(305) 673-7275.. 5:05 p.m. ~An Qrdmance Amending Chapter 110 Of The -Miami Beach City Code, Entitled "Utilities;" Amending. Article 111 Theredf, Entitled -~ `Stormwater Utility," Amending Section 110-109 Thereof Entitled "Stormwater Utility Fees," By Amendmg.Appsndix AThereto Entitled"`Fee Schedule," To Increase The Stormwater Utility Service Charge Impo§ed By The City As~Of pctober`i,'2009. '` Inquiries may. be directed to the Public Works Department at'(305) 573-7080. ~ - 5:05-p.m. .. ~ +. ~ ;<n > - _: An ordinance Amending Chapter 110 Of The Miami Beach City~Code Entitled "Utilities," ~Amentiing Ar`ticle``IV Entitled "Fees, `. Charges,`Rates And Billing Procedure Thereof;" Amending Division 2 Thereof, Entitled'"Rates, Fees;;~nd Oharges;"'By Amending ; Section 1 t 0-168'(C) Thereof, Entitled `Sanitary SewerBervice Charge;" To~Provide Addrtional`Sanitary=Sewer.Service Charge-Feed; And:Also.Amending Appendix A To Chapter 11'0; Entitled "Fee Schedule" To li1"cYa®ase=TheYVater Rate~And'Sar%it~Or'SeVverServ"ite Charges.lmPosed.By The City Pursuant To Sections 110-i~if (A) And (B), 110-168.(AJ,=And P:i!!ouiding ~uhPnetering F9e In SeCEion 110-1:70(A);:Amending Section 110-170 To Be Entitled "Submeteripg" To Create Rrovisio[~s For Subr~aeters. • .Inquiries-may be:directed tothe Public WorksDepartrnent~at (305) 673-708Q. 5:05 p.m. _. .- . ~ _, ~_ An Oedinance Amending Chapter 86;Of The Miami Beach .City Code Entitled ,"Sales," By Amending .Article 111 Thereof, Entitled "Nonprofit Vending And Distribution;'.(3yAmendIng Division 2, Entitled "Permit," By Amending Sectioh:86-174,'Erttitled'"Processing Fee," To Add A'$50.00 Permit Application. Fee. - Inquiries may be directed to the. Finance Department at (305) 673-7466.. ~- 5;06 p.m. ' An Ordinance Amending Chapter 102 Of The. City Code, Entitled "Taxation." By Amending Division~V Therein, -Entitled "Local ~ susihess Tax," Amending Section 102-379 Therein, Entitled "Schedule Of Taxes"; Said Amendment Providing For A $45:00 Business Tax Receipt Application fee. , ' Inquiries may be directed to the Finance Department at (305) 673-7466. ~ - INTERESTED. PARTIES are invited to appear at this meeting, or be represented by an agent, or to.~sxpress heir .veers do<writing addressed to the City Commission, c/o the City Clerk, 1700 Convention Center Drive, 1st Floor, C1ty~HaU,_f)Aiami .Beach,.Florida 33139.'Copies of these ordinances are available for public inspection. during°norrnal business hours in the City Clerk's Office, 1700 Conventiorri~enter Drive, 1st Floor, Gity Hall, and' Miami Beach, Florida 33439fihis° meeting maybe :continusd•and.andec such circumstances additional legal notice would not be provided. - , Robert E: Parchsr,~City Clerk Cityof Miami Beaeh , Pursuant to Section 286.0105, Fla. Slat., the City hereby advises the public that: if a person decides to appBal any decision made by the City Commission with respect to any matter considered:at its meeting or its hearing;'ssWCh~person must•ert~Ce that awerbatirti _ record of the proceedings is made, which record includes the testimony and-evidence upon.which the:appeal is to be-based:"This notice does not constitute consent by the City for the introduction or admission of otherwise inadmissible°or;irrelevant evidence, rror does rt authorize challenges or appeals not otherwise allowed by law. . To request this material in accessible format, sign language interpreters, information on access for pBrSmns~wlth disabiPties,>ara~ll or any accommodation to review any~document or participate in any city-apertsored proceeding, phase contact (305) 604-24 (voies~, (305)678-7218(TT1~ five days in advance'to inttiate your request.:TTY users may-also call 711 (Ftorida~Retay S~ervic9). Ad